06-26-89 Council Meeting Minutes

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WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and Statement of Benefits form completed by the Petitioner meets the requirements of Indiana Code 6 -1.1- 12.1 -1 et seq., and qualifies under the provisions of South'Bend Municipal Code Section 2 -76, et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature;! B. That the estimate of the number of individuals who will be employed or whose employment will be retained can reasonably be expected to result from the proposed described redevelopment or rehabilitation; C. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed redevelopment or rehabilitation; D. That the other benefits about which'iinformation was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and E. That the totality of benefits is sufficient to justify the deduction, all of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3. SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield the benefits identified in the Statement oflBenefits as set forth in Sections I and II of the Petition for Real Property Tax Abatement Consideration and that the Accounts is sufficient to justify the deduction 'granted under Indiana Code 6 -1.1- 12.1 -3. SECTION IV. The Common Council hereby accepts the report ad recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Ec two (2) calendar years from the date Common Council. SECTION VI. The Common Council hereby qualified for and is granted property years. SECTION VII. The Common Council dire, adoption of this Declaratory Resoluti published, said publication providing Common Council on the proposed confir. SECTION VIII. This Resolution shall adoption by the Common Council and a Ann A public hearing was held on the resol indicated that the Human Resources and bill and recommends it to the Council E. Wayne St. made the presentation on Petitioner Ziker Cleaners plan to incr located at 247 E. Sample. He stated t, create 32 new, permanent jobs within t payroll of $500,000.00. He indicated rehabilitation project is $500,000.00. amend this bill, seconded by Council M Member Niezgodski made a motion to ado Council Member Coleman. The resolutio ayes. BILLS, FIRST READING is Revitalization Area shall be limited to the adoption of this Resolution by the ermines that the property owner is deduction for a period of three (3) the City Clerk to cause notice of the for Real Property Tax Abatement to be tice of the public hearing before the a of said declaration. in full force and effect from and after its oval by the Mayor. .ion at this time. Council Member Luecke :conomic Development Committee met on this Lvorable as amended. Butler, Attorney, 100 Le resolution. He indicated that the ise their production facilities presently it the rehabilitation project itself will e first year, representing a new annual vat the estimate dollar value of the Council Member Luecke made a motion to fiber Voorde. The motion carried. Council the resolution as amended, seconded by was adopted by a roll call vote of nine BILL NO. 47 -89 A BILL AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT THE NORTHWEST CORNER OF BENDIX DR. & ELWOOD AV. IN THE CITY OF SOUTH BEND, INDIANA. This bill had first reading. Council Member Slavinskas made a motion to refer this bill to Area Plan, seconded by Council Member Coleman. The motion carried.